Dry run on International North-South Transport Corridor

India will conduct a dry run study in March 2014 on International North-South Transport Corridor.

| TNN | Feb 26, 2014, 04.50 PM IST

PUNE: India will conduct a dry run study in March 2014 on International North-South Transport Corridor (INSTC), through Nhava Sheva (Mumbai)- Bandar Abbas (Iran)- Tehran-Bandar Anzali (Iran)-Astrakhan(Russia) according to a statement issued by the government.

The announcement figured in the protocol signed after the 3rd meeting of the Inter Governmental Commission on Trade and Economic, Science and Technology Cooperation between India and Azerbaijan by E M S Natchiappan, Minister of State (Commerce & Industry) and Huseyngulu Baghirov, Minister of Ecology and Natural Resources from Azerbaijan, here today. "The two countries have the requisite momentum to take the relationship to next level. Completion of the corridor will lead to mutually beneficial connectivity between the two regions," said Natchiappan.

During the meeting, both side reviewed the status of the construction of Gazvin-Rasht-Astara (Iran)-Astara (Azerbaijan) railway route for connecting the railway lines of International north-south transport corridor. The Azerbaijani side informed about the meeting between Iran and Azerbaijan in November 2013 at which it was decided to conduct technical and financial feasibility study and discuss it in the next meeting of the INSTC Coordination Council.

On Hydrocarbon front the Indian side noted the Azerbaijani government's support for ONGC Videsh Limited's acquisition of Participating Interest (PI) owned by Hess Corporation's wholly owned subsidiaries in the upstream and midstream oil and gas assets in the Azerbaijani Chirag Guneshli (ACG) Contract area and in Baku-Tbilisi-Ceyhan (BTC) pipeline.

RELATED

From around the web

More from The Times of India

Recommended By Colombia

From Around the Web

More From The Times of India

Recommended By Colombia

Comments

Characters Remaining: 3000

OR PROCEED WITHOUT REGISTRATION

Share on Twitter

SIGN IN WITH

FacebookGoogleEmail

Refrain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks, name calling or inciting hatred against any community. Help us delete comments that do not follow these guidelines by marking them offensive. Let's work together to keep the conversation civil.

Read more

Most Popular

Congress vice-president Rahul Gandhi today targeted the BJP-led government at the Centre over the price-rise issue, raising questions over why the rates of essential commodities were skyrocketing at a time when international oil prices have hit record lows.

Japanese telecom and media group Softbank will accelerate its investments in India, CEO Masayoshi Son told a start-up conference in New Delhi. He also said that the 21st century belongs to India and China will be left behind by India in coming time.

Bennett University, a Times Group initiative, and edX, the non-profit online learning platform founded by Harvard University and the Massachusetts Institute of Technology (MIT), signed a collaborative agreement to provide online courses to its students.

From around the Web

More From The Times of India

Recommended By Colombia

Navbharat Times

Featured Today In Travel

From our Global Partners

Sanction of pension simplified, streamlined

Sensex gains 134 points to extend rally for 4th day

Slow economic growth adversely affects housing demands

Gold imports rise again, reach 38 tonnes in January

Rupee trims initial losses, still down by 3 paise

Sensex continues to rule firm, up 61 points

Cellceutix selects DRL for manufacturing formulation of Brilacidin

Rupee down 8 paise against dollar in early trade

Malls in Delhi and Mumbai get choosy; opt for short-term leases to take out unpopular stores